In 2023, China dominates global cotton domestic consumption, holding steady at 37.5 million units. India, the second-largest, saw a small decline. Notable contractions were experienced in Vietnam, the United States, and Indonesia. Meanwhile, Uzbekistan and Iran recorded significant upticks, with remarkable surges in consumption seen in Honduras, Nicaragua, and Tajikistan. Declines in South Korea and Russia were notable, while Poland's consumption rose substantially. Central Asian countries like Uzbekistan continue expanding their cotton use.
Future trends to watch include China's steady consumption rate, which will heavily impact global demand. Attention should be given to policy shifts in South Asian countries like India, impacting consumption patterns. Additionally, emerging market growth, particularly in Uzbekistan and other Central Asian nations, may reshape global consumption dynamics.
| # | 10 Countries | Thousand Units (480 lb. Bales) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 37,500 | 2023 | -100% | View data | |
| 2 | 2 India | 24,000 | 2023 | +2.13% | -0.25% | View data |
| 3 | 3 Pakistan | 10,000 | 2023 | +14.94% | -1.34% | View data |
| 4 | 4 Bangladesh | 7,700 | 2023 | +8.45% | +1.35% | View data |
| 5 | 5 Vietnam | 6,700 | 2023 | +3.88% | -0.87% | View data |
| 6 | 6 Brazil | 3,300 | 2023 | +3.13% | -0.6% | View data |
| 7 | 7 Uzbekistan | 3,200 | 2023 | +10.34% | +9.31% | View data |
| 8 | 8 Indonesia | 2,200 | 2023 | +25.71% | -6.93% | View data |
| 9 | 9 United States | 1,950 | 2023 | +29.32% | -7.6% | View data |
| 10 | 10 Mexico | 1,700 | 2023 | -2.86% | -3.2% | View data |
